Alamo Group Inc. (NYSE:ALG) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its holdings in shares of Alamo Group Inc. (NYSE:ALG) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,034 shares of the industrial products company’s stock after selling 102 shares during the period. Advisors Asset Management Inc. owned approximately 0.06% of Alamo Group worth $1,267,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC grew its holdings in Alamo Group by 7.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 641,902 shares of the industrial products company’s stock worth $115,626,000 after acquiring an additional 45,422 shares during the period. Victory Capital Management Inc. boosted its position in shares of Alamo Group by 7.4% during the 3rd quarter. Victory Capital Management Inc. now owns 415,424 shares of the industrial products company’s stock worth $74,830,000 after purchasing an additional 28,786 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Alamo Group by 16.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 372,938 shares of the industrial products company’s stock worth $64,518,000 after purchasing an additional 52,250 shares during the period. Westwood Holdings Group Inc. increased its holdings in shares of Alamo Group by 17.1% in the 2nd quarter. Westwood Holdings Group Inc. now owns 344,713 shares of the industrial products company’s stock valued at $59,635,000 after purchasing an additional 50,327 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Alamo Group by 42.4% in the first quarter. Janus Henderson Group PLC now owns 172,320 shares of the industrial products company’s stock valued at $39,346,000 after purchasing an additional 51,292 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. DA Davidson increased their target price on shares of Alamo Group from $209.00 to $219.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Robert W. Baird raised their price objective on Alamo Group from $204.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, November 4th.

Insider Activity at Alamo Group

In related news, EVP Richard Hodges Raborn sold 300 shares of Alamo Group stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $181.28, for a total transaction of $54,384.00. Following the completion of the sale, the executive vice president now owns 11,061 shares in the company, valued at approximately $2,005,138.08. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Edward Rizzuti sold 276 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $195.88, for a total transaction of $54,062.88. Following the completion of the transaction, the executive vice president now directly owns 8,439 shares of the company’s stock, valued at $1,653,031.32. The trade was a 3.17 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Alamo Group Stock Performance

NYSE:ALG opened at $202.72 on Tuesday. The company has a current ratio of 4.15, a quick ratio of 2.39 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.44 billion, a P/E ratio of 20.41 and a beta of 1.08. The firm has a 50-day moving average price of $182.27 and a two-hundred day moving average price of $181.26. Alamo Group Inc. has a twelve month low of $163.74 and a twelve month high of $231.40.

Alamo Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 15th were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.04 annualized dividend and a dividend yield of 0.51%. Alamo Group’s dividend payout ratio is currently 10.47%.

About Alamo Group

Alamo Group Inc designs, manufactures, distributes, and services vegetation management and infrastructure maintenance equipment for governmental, industrial, and agricultural uses worldwide. It operates through two segments, Vegetation Management and Industrial Equipment. Its Vegetation Management Division segment offers hydraulically-powered and tractor – and off-road chassis mounted mowers, other cutters and replacement parts for heavy-duty and intensive uses and heavy duty, tractor- and truck-mounted mowing and vegetation maintenance equipment, and replacement parts.